Strong SIP Inflows Reflect Investor Confidence
In February we saw a monthly inflow of Rs 13,686 crore. Interestingly, the live SIP accounts increased by 6.63 lakhs in February.
The mutual fund industry is growing in India and is supporting market inflows like never before. In February we saw a monthly inflow of Rs 13,686 crore. Interestingly, the live SIP accounts increased by 6.63 lakhs in February. This takes the live SIP count to 6.28 crore. Equity schemes form the chunk (84 per cent) of the live accounts with 5.29 crore live counts followed by hybrid and index funds and Debt Funds. These inflows by the domestic investors reflect the maturity of the investors and the confidence they have in the strength of the Indian macros.